Oil India sets July 2, 2024, as the record date for issuing 1:2 bonus shares. Here, shareholders will receive one equity share of ₹10 for every two shares of the same value.
In the 1:2 ratio, shareholders receive one equity share for every two shares held, effectively increasing their holdings.
July 2, 2024, is the crucial record date to determine eligibility for Oil India's 1:2 bonus shares issuance.
Oil India declared a final dividend of ₹3.75 per share for FY24, adding substantial value to shareholders' investments.
Oil India's net profit surged by 17.8% YoY to ₹2,332.94 crore in Q4 FY24, showcasing robust financial growth.